Five9’s (FIVN) “Buy” Rating Reiterated at Truist Financial

Truist Financial reaffirmed their buy rating on shares of Five9 (NASDAQ:FIVN) in a research note published on Tuesday morning,Benzinga reports. Truist Financial currently has a $65.00 price target on the software maker’s stock.

A number of other equities analysts have also recently issued reports on FIVN. Robert W. Baird increased their price objective on shares of Five9 from $40.00 to $43.00 and gave the stock a “neutral” rating in a research report on Monday, November 11th. DA Davidson increased their price target on Five9 from $40.00 to $45.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. Needham & Company LLC boosted their price objective on Five9 from $48.00 to $52.00 and gave the company a “buy” rating in a report on Monday. Rosenblatt Securities increased their target price on Five9 from $45.00 to $50.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Finally, Piper Sandler lifted their price target on shares of Five9 from $35.00 to $46.00 and gave the company an “overweight” rating in a research report on Friday, November 8th. Six research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $58.18.

Five9 Stock Up 0.6 %

Five9 stock opened at $41.48 on Tuesday. The company has a market capitalization of $3.12 billion, a PE ratio of -82.96, a PEG ratio of 28.88 and a beta of 0.92. Five9 has a 12-month low of $26.60 and a 12-month high of $81.72. The firm’s fifty day moving average is $36.59 and its 200 day moving average is $36.72. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 1.32.

Insider Activity at Five9

In other Five9 news, COO Andy Dignan sold 4,109 shares of the company’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $41.85, for a total value of $171,961.65. Following the completion of the transaction, the chief operating officer now owns 115,818 shares in the company, valued at $4,846,983.30. This represents a 3.43 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Panos Kozanian sold 7,619 shares of Five9 stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $42.09, for a total value of $320,683.71. Following the sale, the executive vice president now owns 69,009 shares in the company, valued at $2,904,588.81. The trade was a 9.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 29,004 shares of company stock valued at $1,209,279. 1.80% of the stock is owned by insiders.

Institutional Investors Weigh In On Five9

Large investors have recently modified their holdings of the stock. Signaturefd LLC lifted its stake in Five9 by 1,892.3% in the third quarter. Signaturefd LLC now owns 1,036 shares of the software maker’s stock valued at $30,000 after purchasing an additional 984 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Five9 in the second quarter valued at $57,000. Quest Partners LLC purchased a new position in shares of Five9 during the 3rd quarter valued at $95,000. nVerses Capital LLC purchased a new position in shares of Five9 during the 3rd quarter valued at $141,000. Finally, Sanctuary Advisors LLC bought a new position in shares of Five9 during the 3rd quarter worth $145,000. Hedge funds and other institutional investors own 96.64% of the company’s stock.

About Five9

Five9, Inc, together with its subsidiaries, provides intelligent cloud software for contact centers in the United States, India, and internationally. It offers a virtual contact center cloud platform that delivers a suite of applications, which enables the breadth of contact center-related customer service, sales, and marketing functions.